Rhode Island Adjuster's Exam 2023 with complete solution
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT?
10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE?
12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND
A ROR?
-NON-WAIVER IS SIGNED BY THE INSURED AND INSURER
-ROR IS A LETTER
IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS.
COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER?
OTHER INSURANCE CLAUSE
WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE
ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.?
10 DAYS
IF AN INSURED HAS A PAP & THEIR VEHICLE IS DAMAGED IN A HURRICANE
WHAT KIND OF CLAIM WOULD BE OPENED?
WINDSTORM AND FLOOD/OTHER THAN COLLISION
HOW MANY DAYS AFTER FIRST INITIATING A CLAIM DO YOU HAVE TO
REQUEST AN EXTENSION TO COMPLETE THE INVESTIGATION?
15 DAYS
IS AN ADJUSTER SUBJECT TO PUBLIC CENSURE AS A FINE?
NO
ARE THE CONDITIONS INCLUDED IN THE DECLARATIONS SECTION OF THE
PAP?
NO
WOULD FENCES BE CONSIDERED APPURTENANT UNDER THE HOMEOWNERS
POLICY?
YES
UNDER PAP, WOULD YOU HAVE COVERAGE FOR ROAD DAMAGE TO TIRES
DUE TO THEFT?
YES
FOR $25 TO $200 WOULD AN INSURER REIMBURSE YOU FOR A TEMP.
SUBSTITUTE?
NO
IN RI, IF A VEHICLE IS INSURED BY 2 INSURERS, HOW DO THEY ALLOT
PAYMENTS FOR THE DAMAGES?
, PROPORTIONATE TO EACH POLICIE'S LIMITS
WHAT ACT WOULD BE CONSIDERED ILLEGAL UNDER THE UNFAIR CLAIMS
PRACTICE ACT?
PAYMENT BEFORE THOROUGH INVESTIGATION
IF DAMAGES ARE CAUSED UNDER LIABILITY COVERAGE, WHO HAS THE
BURDEN OF PROOF FOR THE LOSS?
THE CLAIMANT- PERSON ASSERTING THE CLAIM
AN INSURED HAS THE RIGHT TO SUBROGATE FOR DAMAGES FROM WHOM?
THE RESPONSIBLE PARTY
TRUE OR FALSE
AN UNENDORDSED PAP, RENTAL COVERAGE MAY BE AFFORDED IN THE
EVENT THAT AN INSURED VEHICLE IS STOLEN.
TRUE
WHAT IS IT CALLED WHEN AN INSURED RECEIVES ADDITIONAL COVERAGE BY
THE INSURER DURING POLICY PERIOD AT NO COST TO THE INSURED?
LIBERALIZATION
TRUE OR FALSE
AN INSURED'S TEMP. SUBSTITUTE WOULD BE COVERED IN THE EVENT THAT
IT IS A RENTAL FOR VACATION
TRUE
IN WHICH SITUATION IS COVERAGE EXCLUDED UNDER SECTION II HO
COVERAGE?
A MOTOR VEHICLE DESIGNED FOR RECREACTIONAL USE OFF PUBLIC ROADS
& OCCURRENCE TAKES PLACE ON OR OFF INSURED LOCATION
PROVIDE AN EXAMPLE OF INTENTIONAL NEGLIGENCE.
INSURED CARELESSLY DAMAGES ANOTHER VEHICLE
WHAT IS THE BEST COVERAGE FOR A 60 FT AUXILLARY SAIL BOAT?
YACHT
PROVIDE AN EXAMPLE OF A PERSONAL INJURY (INTENTIONAL NEGLIGENCE)
DEFAMATION OF THE CLIENT
WHOM DOES LIABILITY UNDER HOME OWNERS COVER?
RELATIVE RESIDENTS
WHICH OF THESE ITEMS QUALIFIES UNDER PERSONABLE FLOATER
COVERAGE?
>GOLF CLUBS
>HAY
>YACHT
>CEMENT FOR CONSTRUCTION
GOLF CLUBS
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT?
10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE?
12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND
A ROR?
-NON-WAIVER IS SIGNED BY THE INSURED AND INSURER
-ROR IS A LETTER
IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS.
COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER?
OTHER INSURANCE CLAUSE
WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE
ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.?
10 DAYS
IF AN INSURED HAS A PAP & THEIR VEHICLE IS DAMAGED IN A HURRICANE
WHAT KIND OF CLAIM WOULD BE OPENED?
WINDSTORM AND FLOOD/OTHER THAN COLLISION
HOW MANY DAYS AFTER FIRST INITIATING A CLAIM DO YOU HAVE TO
REQUEST AN EXTENSION TO COMPLETE THE INVESTIGATION?
15 DAYS
IS AN ADJUSTER SUBJECT TO PUBLIC CENSURE AS A FINE?
NO
ARE THE CONDITIONS INCLUDED IN THE DECLARATIONS SECTION OF THE
PAP?
NO
WOULD FENCES BE CONSIDERED APPURTENANT UNDER THE HOMEOWNERS
POLICY?
YES
UNDER PAP, WOULD YOU HAVE COVERAGE FOR ROAD DAMAGE TO TIRES
DUE TO THEFT?
YES
FOR $25 TO $200 WOULD AN INSURER REIMBURSE YOU FOR A TEMP.
SUBSTITUTE?
NO
IN RI, IF A VEHICLE IS INSURED BY 2 INSURERS, HOW DO THEY ALLOT
PAYMENTS FOR THE DAMAGES?
, PROPORTIONATE TO EACH POLICIE'S LIMITS
WHAT ACT WOULD BE CONSIDERED ILLEGAL UNDER THE UNFAIR CLAIMS
PRACTICE ACT?
PAYMENT BEFORE THOROUGH INVESTIGATION
IF DAMAGES ARE CAUSED UNDER LIABILITY COVERAGE, WHO HAS THE
BURDEN OF PROOF FOR THE LOSS?
THE CLAIMANT- PERSON ASSERTING THE CLAIM
AN INSURED HAS THE RIGHT TO SUBROGATE FOR DAMAGES FROM WHOM?
THE RESPONSIBLE PARTY
TRUE OR FALSE
AN UNENDORDSED PAP, RENTAL COVERAGE MAY BE AFFORDED IN THE
EVENT THAT AN INSURED VEHICLE IS STOLEN.
TRUE
WHAT IS IT CALLED WHEN AN INSURED RECEIVES ADDITIONAL COVERAGE BY
THE INSURER DURING POLICY PERIOD AT NO COST TO THE INSURED?
LIBERALIZATION
TRUE OR FALSE
AN INSURED'S TEMP. SUBSTITUTE WOULD BE COVERED IN THE EVENT THAT
IT IS A RENTAL FOR VACATION
TRUE
IN WHICH SITUATION IS COVERAGE EXCLUDED UNDER SECTION II HO
COVERAGE?
A MOTOR VEHICLE DESIGNED FOR RECREACTIONAL USE OFF PUBLIC ROADS
& OCCURRENCE TAKES PLACE ON OR OFF INSURED LOCATION
PROVIDE AN EXAMPLE OF INTENTIONAL NEGLIGENCE.
INSURED CARELESSLY DAMAGES ANOTHER VEHICLE
WHAT IS THE BEST COVERAGE FOR A 60 FT AUXILLARY SAIL BOAT?
YACHT
PROVIDE AN EXAMPLE OF A PERSONAL INJURY (INTENTIONAL NEGLIGENCE)
DEFAMATION OF THE CLIENT
WHOM DOES LIABILITY UNDER HOME OWNERS COVER?
RELATIVE RESIDENTS
WHICH OF THESE ITEMS QUALIFIES UNDER PERSONABLE FLOATER
COVERAGE?
>GOLF CLUBS
>HAY
>YACHT
>CEMENT FOR CONSTRUCTION
GOLF CLUBS
